I personally have a problem with the mag float idea. I'll tell ya why. Most powerheads operate with a magnetic field, if you place a strong enough magnet around the magnetic field of a motor you can cause it to go nutty. Some PH's have enough insulation to prevent things like this, but is it worth the problems?
How old are the PH's, what brand? Did you make sure that all of the air bubbles have been pushed out of the cups?
Clint